After initially publishing our predictions for the EURO 2020 group stage, today we bring you our estimates on who will be successful in the quarterfinals.
For today we decided to present you with our predictions for Euro 2020 Quarterfinals. The round of 16 brought quite a lot of surprises, with many favorites leaving the competition. Unfortunately, Croatia was also eliminated from the competition, after quite a dramatic game against Spain.
Below, you can find our new match predictions. We note that the stated predictions are a consensus of the InterCapital Group’s employees. We are by no means football experts, but there are definitely a couple football enthusiasts among us. After quite a successful prediction of the Group stage, our estimates for round of 16 were not as accurate. The fact that many “outsiders” are still in the competition only further shows how unpredictable football can be; which is arguably is one of the reasons why the sport is so interesting.
EURO 2020 Knockout Stage – InterCapital Estimates
Dalekovod´s share price closed at HRK 0.63 today marking a 44.7% drop.
On the 1st of July Dalekovod´s share opened at HRK 1.04. The share closed at HRK 0.63 which marks a fall of 44.7%. In some moments, the share was trading at an all-time low of HRK 0.50. The fall was triggered by the news that a share capital reduction from HRK 247.2m to HRK 2.5m was approved at the General Assembly meeting, held yesterday. It was also confirmed that a reverse share split will be performed, by consolidating every 100 shares into 1.
As a reminder, after issuing an invitation for interested parties to participate in the financial restructuring of the company back in February, Dalekovod received only one offer and that in the form of a joint deal by Končar and Construction Line. The offer includes a cap hike ranging between HRK 150m and 410m by subscribing shares in three rounds, by cash payments, and/or contributions by entering rights (claims). As part of the deal, Dalekovod would first reduce their share capital from HRK 247.2m to HRK 2.5m in order to cover losses from previous periods. At this point the company would also perform a reverse stock split by consolidating every 100 shares into 1. Since the issuance of new shares will follow the stock split and since new shares will be issued at the nominal value of HRK 10 per share, the value of the cap hike basically amounts to HRK 0.10 per share at the moment. As expected, DLKV investors did not find the news encouraging.
It is fair to say that the last month and a half were turbulent for the Dalekovod´s shareholders. On the 21st of June Dalekovod opened at HRK 5.84, reacting to the news that the share capital reduction and reverse stock split might occur, the stock closed at HRK 2.37. Three days later the stock was trading at HRK 1.32. Today´s plunge marks a total decrease in share price of 89% since the 21st of June.
Trading statistics for June 2021 show an average daily turnover of EUR 1.36m (-6.2% MoM). Meanwhile, SBITOP ended the month with a decrease of 1.27%, ending the month at 1,124.53 points.
The Ljubljana Stock Exchange (LJSE) published their trading statistics for June 2021, showing an equity turnover of EUR 27.2m (-29.4% YoY). This translates into an average daily turnover of EUR 1.36m (-6.2% MoM).
Of the total value traded in the period (excluding block transactions), Krka generated 57%, followed by NLB with 8.1%. Next come Cinkarna Celje with 7.2% and Sava Re with 6.7%. Triglav follows with 5.9%. These 5 shares generated 85% of the turnover recorded by the entire (equity) market.
When observing the total equity market capitalization, it observed a 1% MoM increase (or EUR 88m), and currently amounts to EUR 8.46bn.
Of the SBITOP constituents Intereuropa leads the list with a strong increase of 19.47%. Telekom Slovenije follows with a solid growth of 4.68%, company’s share price closed the month at EUR 62.6 per share. On the other hand, insurance companies Triglav, Sava Re recorded the highest decreases among blue chips in June. Triglav and Sava Re showed a decrease of 6.03% and 6.44%. However, we note that both companies went ex-date in June.